Thank you, Madam Speaker. I don't think it is necessary to do that. The Department of Public Works has modified the gross lease approach. People who are leasing office space to us will get paid the base rent and for all the operations and maintenance, the prepayments will be adjusted annually according to the Canadian consumer price index. If there is any change in cost, for example if the price of power or fuel go up higher than that, then those leases will be paid anyway. That is how the leases are drawn up. This is just a holding figure they get paid annually. That's all it is.
Don Morin on Question 342-12(6): Renegotiation Of O And M Payments In Yellowknife Office Leases
In the Legislative Assembly on November 4th, 1994. See this statement in context.
Further Return To Question 342-12(6): Renegotiation Of O And M Payments In Yellowknife Office Leases
Question 342-12(6): Renegotiation Of O And M Payments In Yellowknife Office Leases
Item 6: Oral Questions
November 3rd, 1994
Page 751
Don Morin Tu Nedhe
See context to find out what was said next.